While some entrepreneurs take advantage of new opportunities presented by change, others get stuck in their situations and left behind. In this episode, Dan Sullivan and Shannon Waller talk about the difference in perspectives between these types of entrepreneurs and how you can be on the right side of the current divide.
Here's some of what you'll learn in this episode:
- How some companies successfully pivoted during the lockdown.
- Ways that things are going wrong in the “old economy.”
- The new, better way of making money, which isn’t readily apparent to the general public.
- Why a new form of business activity is unregulated.
- How virtual conferencing has changed how business can be done.
- Why the media isn’t reporting on the new way of doing business.
Too fast: Communication, teamwork, and innovation can now happen way too fast for the bureaucratic economies of most of the world and for the bureaucracy of government.
Not telling us: What the government and large corporate bureaucracies are not letting us know is that they don't know what's going on.
Maximize the capability: There are groups of entrepreneurs who have developed entirely different organizational structures and processes to maximize the productive and creative capability of technology.
Used to think: We used to think that we had to work and live in the same place, but that’s no longer true.
Lost the ability: Bureaucratic regulators are so busy just trying to keep their organizations together that they've lost the ability to observe a major shift that's happened in the economy.